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Following conclusion of agreement, the company will formally join Eddyfi/NDT and add its NDT solutions to the Group’s product portfolio
 
Eddyfi/NDT announces today that it has entered into a definitive agreement to acquire Zetec, a subsidiary of Roper Technologies, Inc. (NYSE: ROP). The transaction is expected to close at the end of the year and is subject to customary closing conditions and approvals.
 
Founded 50 years ago, Zetec is a major player in the non-destructive industry, with global engineering and manufacturing centers in Quebec City, Canada, and corporate headquarters in Snoqualmie, Washington, USA. Furthermore, Zetec is present around the globe, with Centers of Excellence in Houston, Paris, Seoul and Shanghai. With a footprint in major industries such as Power Generation, Aerospace, Defense, Rail and Manufacturing, its advanced NDT solutions contribute to protecting highly critical assets worldwide.
 
More specifically, following the closing of the transaction, Zetec will formally join Eddyfi Technologies, a business unit of Eddyfi/NDT. “For over 10 years, we have achieved great success in the NDT market by focusing on specialized NDT technologies. Through innovation and a customer-focused approach, we are a driving force in our industry. We believe that the acquisition of Zetec will complement our market coverage and expertise and allow new opportunities to emerge. I look forward to the game-changing ideas our joined forces will bring to the industry” says Pierre-Hugues Allard, President of Eddyfi Technologies.
 
Credit Suisse acted as financial advisor to Eddyfi/NDT. McCarthy Tétrault and Foley & Lardner LLP served as its legal advisors.
Article via Eddyfi

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